Advanced Micro Devices Inc (AMD)
Debt-to-capital ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,717,000 | 1,715,000 | 1,714,000 | 2,467,000 | 2,467,000 | 2,466,000 | 2,465,000 | 1,475,000 | 1,000 | 1,000 | 313,000 | 313,000 | 330,000 | 373,000 | 490,000 | 488,000 | 486,000 | 872,000 | 1,031,000 | 1,024,000 |
| Total stockholders’ equity | US$ in thousands | 55,892,000 | 54,970,000 | 55,136,000 | 54,694,000 | 54,750,000 | 54,542,000 | 55,169,000 | 55,333,000 | 7,497,000 | 7,136,000 | 7,065,000 | 6,477,000 | 5,837,000 | 3,867,000 | 3,305,000 | 3,037,000 | 2,827,000 | 2,176,000 | 1,901,000 | 1,788,000 |
| Debt-to-capital ratio | 0.03 | 0.03 | 0.03 | 0.04 | 0.04 | 0.04 | 0.04 | 0.03 | 0.00 | 0.00 | 0.04 | 0.05 | 0.05 | 0.09 | 0.13 | 0.14 | 0.15 | 0.29 | 0.35 | 0.36 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $1,717,000K ÷ ($1,717,000K + $55,892,000K)
= 0.03
The debt-to-capital ratio of Advanced Micro Devices Inc has been relatively stable over the past few quarters, hovering around 0.03 to 0.04. This indicates that the company has been maintaining a conservative capital structure with a low level of debt relative to its total capital. However, there was a slight increase in the ratio in the most recent quarter, reaching 0.04, which may suggest a small increase in debt as a proportion of the company's total capital.
Looking further back, we can see that the debt-to-capital ratio has shown some fluctuations over the past few years, with higher ratios seen in 2019 and 2020, reaching up to 0.36 at one point. This indicates that the company has actively managed its debt levels over time, possibly deleveraging to reduce financial risk.
Overall, the trend of the debt-to-capital ratio for Advanced Micro Devices Inc suggests a prudent approach to debt management, maintaining a healthy balance between debt and equity in its capital structure.
Peer comparison
Dec 31, 2023